President Trump's former attorney Michael Cohen pleaded guilty Tuesday to eight counts of financial crimes. New York-based federal prosecutors had been investigating Cohen for tax and bank fraud, and on Tuesday he admitted to violating campaign finance laws. The charges include five counts of tax evasion and one count of making an "excessive campaign contribution." Two of the charges relate to payments Cohen made to two women who alleged they had affairs with Trump, in exchange for their silence. Cohen, detailing the crimes he was pleading to, said he'd made the payments "in coordination with and at the direction of a candidate for federal office" for the "purpose of influencing the election." He faces up to five years in prison.
need to know now